I'm currently doing a 4 condo development in Dorchester and would love to touch base

Purchase price: $200,000 Cash invested: $20,000 Sale price: $388,000 This was our first "wholetail" where we purchased a distressed multi-family in Dudley Square in Boston and flipped it to a developer.

It’s mostly used with land or other development projects.

@Redha Laafia you can also talk to sub-contractors  and develop a price list for items like roofing, painting, kitchen and countertops, flooring etc. those are very easy items to standardize. 

Sometimes it can be cheaper to build than it is to buy existing however in most areas of the country right now it will take you minimum three years to develop a project and ground up get it to stabilization so you need to consider the time factor.

I'm also available for meet ups if anyone has the free time I would love to talk to someone in my area that invest to really pick their brain and help develop a network.

If so then you have what might be a golden opportunity to give yourself some runway to develop your strategy for real estate  before having to jump into the tight time lines of the 1031. 

Hiring an attorney to work with you to develop one that is functional, and appropriate in your locality is imperitive.

My thought is to go with a community bank to try and develop a relationship with them in the hopes of using them for refis and loans down the road. 

(I expect this to go up to $2000 in 3 years once the Solar Uniquartier is developed).